Euro Hit as Greek Talks Drag On

11/13/2012 7:09AM

A public spat between the IMF's Christine Lagarde and the Eurogroup's Juncker over how to resolve Greece's debt problem hits the single currency. Sentiment isn't helped by a disappointing Greek auction and a sharp fall in Germany's ZEW survey. Dow Jones's Martin Essex reports. Photo: Getty Images

This transcript has been automatically generated and may not be 100% accurate.

I ... the the ... the euro as it was ... the eggs on ... euro zone economy ... he said ... this is that it's both of ... us ... to Brussels ... all the problems in Greece ... this ATW plus it ... was so the hopes that the IMF and the Eurogroup of euro zone that this is what ... they've been allowed by ... going to agree on how to solve these problems once a troll ... well they know ... it's quite extraordinary we had a public disagreement between the hut head of the IMF Christina now ... I'm ahead of the Eurogroup merge onto a deal could ... be the president the prime minister of Luxembourg ... but how can agree a common line before they went in to the press conference ... so this is absolutely extraordinary ... so what we sow was ... weasel Christie loved our basically said Greece has to stick to its debt reduction pot ... of salted by train to try and say ... and then we had junk would be on cassette and we've agreed to um to change its twenty twenty two ... of which point they simply disagreed with each other in public out the price go together that that is it up wrote her eyes ... nobody has filled in sight but ... she wasn't amused by him okay ... disappoint a lot people because ... these things open now ... Powell that Dell hoping tweeted about it makes me soo on November the twentieth ... but hey Saturday the site ... the two sides agreed upon ... it's a bad thing there is any possibility that Greece will default by accident ... amid the simply not going to be allowed to happen ... sharply on Chris' head of the theeuro grid which is essentially that the political cost rocks around the euro ... and there's no way he's going to let Greece to Fulton ... and so for now to the euro by accident said Greece which has to pay ... a large amount of money by Friday will do so ... and there's no doubt about it so ... that there's no guarantee on either that everything will be settled by next week when the next meeting comes around this issue that faces a similar to that let's go with that ... with a list of ... Lucy ... to provide main don't ... really have begun to ... discuss the still isn't the money that ... some people of a kind of giving Greece money with one hand and taking it back with the other this money being shuffled around but nobody's yet willing to come up with the new money that Greece needs and made it even if Greece have the new money there's no guarantee that that would save Greece ... so he gets again this is just continuing ... on of course the financial markets hate this so we've seen the euro weakens stocks weakened an old useful things you'd expect when when the Muppets have the sunset and of course the technicals stay with ... whites what one might call but ... it's more important the view was that's it until it is the Gemin spreads which ... is Greece managed to raise money says Treasury bills shown on the site it will repay the money that it needs to retire this week ... the visiting W this is an economic sentiment set of ... house and Gemini was blow up ... an unexpectedly low which I was that the continuing problems of the euro zone generally on now affecting Germany as well the big strong country at the center of the side ... into recession but like ... that set me dragging down sentiment ... really ... that much of ... it ...